choppex
Short

EURUSD Retrace then bounce off minor psychological level

FX:EURUSD   Euro / U.S. Dollar
34 0 1
EURUSD             broke the 1.120 minor psychological level a couple of days ago and price has now retraced back to that level.

Expect price to bounce off the support-turned-resistance, completing the retracement and signalling another bearish move.

I'll enter once price has convincingly bounced off the resistance and will open two trades - the first will close for a 1.0 RR profit just short of the 1.110 support and the other I'll hold on to in case of further bearish movement.
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